As per the newly published report by Value Market Research, the Global Multimode Fiber Market was valued USD 639.6 MN (by revenue) in 2018 and is anticipated to reach USD 1000.5 MN by 2025 with a CAGR of 6.6%. This report covers important information such as definition, drivers, restraints, segmentation, and regional analysis. In the last section, the report highlights the major global player’s active in the market. Multimode fiber is categorized under the type of optical fiber intend to carry multiple light rays simultaneously each at a marginally different reflection angle inside the optical fiber core. They are mostly used for communication over short distances, such as within a building or on campus and gives high bandwidth at high speeds over short distances.
Fiber optics technology has gained importance over the last few years, owing to ongoing R&D activities and increasing demand for high bandwidth fiber optic cable across communication and data services. Growing demand for higher bandwidth and faster speed connections has significantly raised the demand for multimode fiber. Also, raising awareness regarding benefits of fiber technology across the end-user coupled with the increasing demand for cost-effective and high-level integration of IT infrastructure is also expected to augment the market growth. On the downside, the high capital investment is likely to hamper the market growth.
The report "Global Multimode Fiber Market Report By Product Type (Step Index Fiber And Gradient Type), Application (Communication, Electronics Industry And Other) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2018-2025" provide all the crucial information associated with the market that shapes the market structure which helps the strategists to gain a detailed insight and devise appropriate strategies to target specific market.
The report’s segmentation section covers product type, application, and region. Product type includes step index fiber and gradient type. Among which, gradient type is dominating the segment owing to its excellent capacity of carrying information and high bandwidth. Application area covers communication, electronics industry and others. Out of which, communication is dominating the segment since multimode fiber is a major building block in the telecommunication infrastructure. It is ideal for gigabit transmission owing to its high bandwidth capabilities and low attenuation characteristics. Region-wise, the market analysis covers North America, Europe, Asia-pacific, Latin America, and the Middle East and Africa. Currently, Asia-Pacific is leading the global multimode fiber market owing to the development of IT infrastructure along with the booming telecommunications industry where multimode fiber mode has huge demand.
The Report Segments Global Multimode Fiber Market -
By Product Type
Companies Profiled in the Report:
Optical Cable Corporation (OCC), OFS, AFL Global, Corning, CommScope, General Cable and Others.
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